TL & GO
Open bankruptcyA bankruptcy procedure is open for TL & GO according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2022 annual accounts show equity of €89k and a net result of €64k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2022, full schema
Turnover
€115k▲ 152%
2021 · €46k
2018: €149k
2019: €32k
2020: €3k
2021: €46k
2018 → 2022
EBIT margin
56.0%▲ 5.2pp
2021 · 50.8%
2018: 10.8%
2019: -3.9%
2020: -269.5%
2021: 50.8%
2018 → 2022
Net result
€64k▲ 178%
2021 · €23k
2018: €16k
2019: €-1k
2020: €-13k
2021: €23k
2018 → 2022
Working capital
€83k▲ 180%
2021 · €29k
2018: €-16k
2019: €12k
2020: €-451
2021: €29k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€149k-€32k▼ 78.3%€3k▼ 91.9%€46k▲ 1,647%€115k▲ 152%
Equity€34k-€33k▼ 4.4%€20k▼ 39.3%€43k▲ 116%€89k▲ 108%
Operating result€16k-€-1k€-7k▼ 462%€23k€64k▲ 178%
Net result€16k-€-1k€-13k▼ 762%€23k€64k▲ 178%
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 178% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €146k
Fixed assets
€7k▼ 50.0%
Current assets
€139k▲ 135%
Equity and liabilities €146k
Equity
€89k▲ 108%
Debt
€57k▲ 90.2%
The debt ratio falls from 40.9% to 38.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€71k▲
2021 · €30k
Cash flow
€71k▲
2021 · €30k
Solvency
61.2%▲
2021 · 59.1%
Current ratio
2.46▲
2021 · 1.99
Quick ratio
2.46▲
2021 · 1.99
Debt / equity
0.63▼
2021 · 0.69
ROE
71.9%▲
2021 · 53.7%
ROA
44.1%▲
2021 · 31.8%
Interest coverage
8681.25▼
2021 · 19968.04
Debt
€57k▲
2021 · €30k
Debt ≤ 1 year
€57k▲
2021 · €30k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€73k€146k▲
Fixed assets21/28€14k€7k▼
Intangible fixed assets21€14k€7k▼
Current assets29/58€59k€139k▲
Amounts receivable within one year40/41€59k€139k▲
Trade receivables40€49k€131k▲
Other amounts receivable41€10k€8k▼
Cash at bank and in hand54/58€368€430▲
Equity and liabilities
Total equity and liabilities10/49€73k€146k▲
Equity10/15€43k€89k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Profit (loss) carried forward14€25k€71k▲
Amounts payable17/49€30k€57k▲
Amounts payable within one year42/48€30k€57k▲
Trade debts44€7k€12k▲
Suppliers440/4€7k€12k▲
Taxes, remuneration and social security45€13k€19k▲
Taxes450/3€9k€13k▲
Remuneration and social security454/9€3k€6k▲
Other amounts payable47/48€10k€25k▲
Income statement
Code20212022
Turnover70€46k€115k▲
Non-recurring operating income76A€6k-
Goods, raw materials, services and sundry goods60/61€21k€43k▲
Remuneration, social security and pensions62€289-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k=
Other operating charges640/8€31€354▲
Gross operating margin9900€30k€72k▲
Operating profit (loss)9901€23k€64k▲
Financial charges65/66B€2€8▲
Recurring financial charges65€2€8▲
Profit (loss) for the period before taxes9903€23k€64k▲
Profit (loss) for the period9904€23k€64k▲
Profit (loss) for the period to be appropriated9905€23k€64k▲
Appropriation of the result
Profit (loss) to be appropriated9906€25k€89k▲
Profit (loss) brought forward from the previous period14P€1k€25k▲
Profit to be distributed694/7-€18k
Directors or managers695-€18k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-10
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL TL & GO AVENUE LOUISE 209/7, 1050 IXELLES · event 20-10-2025
28-04
KBO administration
Address struck
2024
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 317 days late
12-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 682 days late
2022
31-12
Financial
Highest result since 2018net €64k ▲178%
Operating result €64k, net result €64k, both a record.
2021
31-12
Financial
Back to profitnet €23k
Net result €23k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.99
Current ratio from 0.97 to 1.99.
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 153 days late
23-09
Bankruptcy
Bankruptcy reversal
Tribunal de l’entreprise francophone de Bruxelles · TL & GO (SPRL) RUE DE L EGLISE SAINT ANNE 79, 1081 KOEKELBERG. déclarée le 14 juin 2021 · event 20-09-2021
21-06
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · TL & GO (SPRL) RUE DE L EGLISE SAINT ANNE 79, 1081 KOEKELBERG · event 14-06-2021
2020
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series.
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 153 days late
2019
31-12
Financial
Liquidity times 7current ratio 4.60
Current ratio from 0.63 to 4.60; short-term debt falls from €43k to €3k.
23-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 145 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ground area
1,027 m²
Building footprint
828 m²
Volume, LiDAR
17,622 m³
2 parcels, Brussels · tallest building 32.2 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
TL & GO
since 20172.264.478.559
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0120/00L005 | Brussels | 700 m² | 1 · 700 m² | 32.2 m · 9 fl. |
| 21492B0115/00D027 | Brussels | 327 m² | 1 · 128 m² | 16.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | Catherine HERINCKX AVENUE DU CONGO 1,
1050 IXELLES |
20-10-2025 → present |
| Curator | JEAN-MICHEL DERICK AVENUE LOUISE 391 BTE 3,
1050 FR BRUXELLES 5 |
14-06-2021 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded24-05-2017
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.